The housing market in Shipshewana, IN is a strong and vibrant one. The median value of houses in the area is $346,500 which is higher than the US House median value of $338,100. This indicates that the housing market in Shipshewana is more expensive than the national average. Additionally, the US house appreciation rate over the last year was 8.27%, whereas in Shipshewana it was 13.05%. This suggests that the housing values in Shipshewana have been appreciating faster than those across America as a whole. Consequently, this makes it an attractive option for potential homeowners looking to invest in property.
The median home cost in Shipshewana is $346,500. Home appreciation the last 10 years has been 87.0%. Home Appreciation in Shipshewana is up 16.4%.
Average Age of Homes
- The median age of Shipshewana real estate is 33 years old
The Rental Market in Shipshewana
- Renters make up 36.2% of the Shipshewana population
- 0.0% of houses and apartments in Shipshewana, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.